Maryland bill would add boat luxury tax

Published online: Mar 14, 2012News

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Maryland House Bill 1345, sponsored by Ways and Means Committee Chair Sheila Hixson (D-Montgomery) and Delegate Heather R. Mizeur (D-Montgomery), would add a 1-percent luxury surtax to the state sales and use tax on motor vehicles, boats and planes with a prince greater than $35,000.

For vehicles, boats and planes with a price of more than $90,000, the surtax would be $550 plus 2 percent of the amount above $90,000.